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Jan 14, 2013
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it would be a self-inflicted wound on the economy. it would slow down our growth, might tip us into recession, and ironically, would probably increase our deficit. so to even entertain the idea of this happening, of the united states of america not paying its bills is irresponsible. it's absurd. as the speaker said two years ago, it would be, and i'm quoting speaker boehner now, a financial disaster not only for us, but for the worldwide economy. so we have got to pay our bills. and republicans and congress have two choices here, they can act responsibly and pay america's bills, or they can act irresponsibly and put america through another economic crisis. but they will not collect a ransom in exchange for not crashing the american economy. the financial well-being of the american people is not leveraged to be used. the full faith and credit of the united states of america is not a bargaining chip. and they better choose quickly because time is running short. the time lime republicans in congress even flirted with this idea, our aaa c
it would be a self-inflicted wound on the economy. it would slow down our growth, might tip us into recession, and ironically, would probably increase our deficit. so to even entertain the idea of this happening, of the united states of america not paying its bills is irresponsible. it's absurd. as the speaker said two years ago, it would be, and i'm quoting speaker boehner now, a financial disaster not only for us, but for the worldwide economy. so we have got to pay our bills. and republicans...
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Jan 14, 2013
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it will damage our economy. the government is a big part of this economy. it's interesting that a lot of people who recognize that when it comes to defense spending, some of the same folks who say we have to cut spending or complain that government jobs that don't do anything. they say, wow, this is an important part of the economy in my district. we shouldn't stop spending on that. let's just makes we're not spending on those other folks. my hope is commonsense prevails. it's always my preference. that's what would be good for the economy. let me just repeat. if the issue is deficit reduction, getting our deficits sustainable over time, getting our debt in a sustainable place, then democrats and republicans in congress will have a partner with me. we can achieve that, and, you know, we can achieve it fairly quickly. we know what the numbers are. we know what needs to be done. we know what a balanced approach would take, and we've done probably more than half of the deficit reduction we need to stabilize the debt and the deficit. there's probably been more
it will damage our economy. the government is a big part of this economy. it's interesting that a lot of people who recognize that when it comes to defense spending, some of the same folks who say we have to cut spending or complain that government jobs that don't do anything. they say, wow, this is an important part of the economy in my district. we shouldn't stop spending on that. let's just makes we're not spending on those other folks. my hope is commonsense prevails. it's always my...
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Jan 15, 2013
01/13
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CNBC
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economy as hostages. >> they will not collect our ransom in exchange for crashing the american economy. the financial well-being of the american people is not leveraged to be used. the full faith and credit of the united states of america is not a bargaining chip. and they better choose quickly because time is running short. >> now, house speaker john boehner responded quickly saying house republicans will do the right thing. they will be responsible, they will meet america's obligations and make sure the government does not shut down. he tried to take that specter off the table. but this is a very tough fight that's getting more and more problematic, larry, because the president said he's going to break the habit of crisis-driven fiscal negotiations. if he's going to succeed in that, somebody is going to have to break and it may have to be soon because treasury secretary geithner said this afternoon we could hit the debt ceiling and exhaust all the extraordinary measures he's been taking as soon as one month from now. >> you know, john, 2010, 2011, the 2012 he negotiated. he voted aga
economy as hostages. >> they will not collect our ransom in exchange for crashing the american economy. the financial well-being of the american people is not leveraged to be used. the full faith and credit of the united states of america is not a bargaining chip. and they better choose quickly because time is running short. >> now, house speaker john boehner responded quickly saying house republicans will do the right thing. they will be responsible, they will meet america's...
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Jan 21, 2013
01/13
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rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. with investment information, risks, fees and expenses you know it can be hard to lbreathe, and how that feels.e, copd includes chronic bronchitis and emphysema. spiriva helps control my copd symptoms by keeping my airways open for 24 hours. plus, it reduces copd flare-ups. spiriva is the only once-daily inhaled copd maintenance treatment that does both. spiriva handihaler tiotropium bromide inhalation powder does not replace fast-acting inhalers for sudden symptoms. tell your doctor if you have kidney problems, glaucoma, trouble urinating, or an enlarged prostate. these may worsen with spiriva. discuss all medicines you take, even eye drops. stop taking spiriva and seek immediate medical help if your breathing suddenly
rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. with investment information, risks, fees and expenses you know it can be hard to lbreathe, and how that feels.e, copd includes chronic bronchitis and...
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Jan 19, 2013
01/13
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after the last inauguration, the economy is not if a freefall, and universal health care is not a political platform, and the united states is not bogged down in multiple international wars, and the girls have a dog. look, president obama is go gin to enter his new term with with a new ad jen da already under a bright spotlight, and at the top of the list, immigration reform and gun control policy. for the first time 52% of americans favor allowing undocumented immigrants with jobs to apply for legal status. 56% of americans believe that stricter laws should govern the sale of firearms. the wind of public opinion, so to speak, would appear to be at the president's back, but right in front of him remains something very different from when he entered office four years ago, a republican-controlled house. initially elected with an outsidef of the beltway appeal, the president is now by definition a washington insider and for anything to get done in his second term, he is going to have to play an insider's game. joining me now is one of the most important allies that the president has on the hil
after the last inauguration, the economy is not if a freefall, and universal health care is not a political platform, and the united states is not bogged down in multiple international wars, and the girls have a dog. look, president obama is go gin to enter his new term with with a new ad jen da already under a bright spotlight, and at the top of the list, immigration reform and gun control policy. for the first time 52% of americans favor allowing undocumented immigrants with jobs to apply for...
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Jan 19, 2013
01/13
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the president inherits the worst economy since the great depression. billions in bailouts save the auto industry and stabilize wall street. where are the jobs? but the star of this show has his enemies, millions of americans turn to the tea party. their mission? stop this president from making fundamental changes, changes they see permanently damaging the u.s. economy. gridlock follows. and the 112th congress passes the fewest bills in 40 years. but in the end, its congressional approval that plunges, now standing at just 14%. the president insisted on higher taxes for the wealthy. part of his campaign designed to cast mitt romney as out of touch. his victory sealed, this president will have a sequel. >> for the united states of america, the best is yet to come. >> the original was a drama. but what the sequel needs is action. to it craft a legacy, this president must bring lawmakers together. cliff after cliff, short-term thinking and political bickering at every turn. dysfunction is ruling washington. but look beyond that and this economy is poised f
the president inherits the worst economy since the great depression. billions in bailouts save the auto industry and stabilize wall street. where are the jobs? but the star of this show has his enemies, millions of americans turn to the tea party. their mission? stop this president from making fundamental changes, changes they see permanently damaging the u.s. economy. gridlock follows. and the 112th congress passes the fewest bills in 40 years. but in the end, its congressional approval that...
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Jan 14, 2013
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i personally believe the presidents that responsibility to protect the economy. and he can't mess around with these republicans who are threatening not to pay the bills of the country. we're not talking about spending. we're talking about paying bills that -- money that has already been spent that we're obligated to pay. there would be a ripple effect globally that would be insurmountable if we don't go down the road of paying the bills. i think the president has to draw the line there and be strong. he's got the people with him. that's the other thing. i think it's important that we focus on that. >> certainly political capital spent from getting re-elected to a second term. gregory, i want to show everybody the letter that ed mentioned that was sent to president obama on friday. in part saying, we believe you must be willing to take any lawful steps to ensure that america does not blake its promises and trigger a global economic crisis. without congressional approval, if necessary. basically recommending the 14th amendment. >> i think two important points here.
i personally believe the presidents that responsibility to protect the economy. and he can't mess around with these republicans who are threatening not to pay the bills of the country. we're not talking about spending. we're talking about paying bills that -- money that has already been spent that we're obligated to pay. there would be a ripple effect globally that would be insurmountable if we don't go down the road of paying the bills. i think the president has to draw the line there and be...
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Jan 17, 2013
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would also provide immediate relief to small businesses and the federal government and all parts of the economy. for example, former defense secretary robert gates has warned the rising -- he has warned of rising military health care costs for years. >> sharply rising health care costs are consuming an ever-larger share of this department. growing from 19 billion in 2001. >> military health care costs have gone up 300% in the past decade. 2012 was the first year since 1995 military personnel saw an increase in health care premiums. now, there are two things republicans love, the military and reducing the deficit. republican should be thrilled with the public option. how can you make a hundred billion dollar mistake? who's doing the math? will it save or won't it save? let's turn to the author of the bill, jan schakowsky of illinois. >> i'm so happy that wendy is doing well. >> thank you. we appreciated your phone calls very much. congresswoman, the math? >> the estimate is it's $104 billion over 10 years. it saves the government money. in terms of the subsidies, in the exchanges, it would be on
would also provide immediate relief to small businesses and the federal government and all parts of the economy. for example, former defense secretary robert gates has warned the rising -- he has warned of rising military health care costs for years. >> sharply rising health care costs are consuming an ever-larger share of this department. growing from 19 billion in 2001. >> military health care costs have gone up 300% in the past decade. 2012 was the first year since 1995 military...
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Jan 14, 2013
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economy, jobs. the president stating firmly, forcefully, as he has before, he will not negotiate with congress when it comes to raising the nation's debt ceiling. what i will not do, the president said, is negotiate with a gun at the head of the american people. very strong words from the president. he was clearly frustrate, clearly anger at the republicans right now, threatening that he's not going to go ahead and let them do, let them try to use raising the nation's debt ceiling, raising the nation's debt ceiling as leverage in getting further spending cuts. john king is here, gloria borger is here with us. both of you stand by. brianna keilar was at the news conference. she's over there at the white house. brianna, the president was very tough in offering his assessment on what needs to be done. >> reporter: that's right, wolf. and he said he will not negotiate on the debt ceiling, the end. he has reiterated that, and this was his chance to come out today and say it yet again. he said today that
economy, jobs. the president stating firmly, forcefully, as he has before, he will not negotiate with congress when it comes to raising the nation's debt ceiling. what i will not do, the president said, is negotiate with a gun at the head of the american people. very strong words from the president. he was clearly frustrate, clearly anger at the republicans right now, threatening that he's not going to go ahead and let them do, let them try to use raising the nation's debt ceiling, raising the...
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Jan 14, 2013
01/13
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it will damage our economy. the government is a big part of this economy. it is interesting, a lot of times you people who recognize that when it comes to defense spending. when it comes to that defense contract in their district, they think, wow, this is a pretty important part. let's just take sure we are not spending on those other folks. [inaudible question] >> you know, look, my hope is that common sense prevails. that is always my preference. i think that would be the preference of the american people and i think it would be good for the economy, let me just repeat, if the issue is deficit reduction, getting our deficits sustainable over ttme getting our debt in a sustainable place, then democrats and republicans will have a partner with me. we can achieve that and we can achieve it fairly quickly, we know what the numbers are and we know what needs to be done. we know what a balanced approach would take. there has probably been more pain and drama and getting there than we needed. finishing the job should not be that difficult. if everyone comes to t
it will damage our economy. the government is a big part of this economy. it is interesting, a lot of times you people who recognize that when it comes to defense spending. when it comes to that defense contract in their district, they think, wow, this is a pretty important part. let's just take sure we are not spending on those other folks. [inaudible question] >> you know, look, my hope is that common sense prevails. that is always my preference. i think that would be the preference of...
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Jan 18, 2013
01/13
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the economy in great shape and move toward a balanced budget. it started off in three phases. it started off with president bush's actions, the first president bush in terms of taxation before president clinton took office. and then the actions the president took in 1994 and then in 1997. well, we think there is a third phase here that can set our country on a path that will allow us to get our debt to g.d.p., our deficit to g.d.p. down around 3%, which is the basis of all economists left, right and center all agree on the areas we can begin to grow as a country. and as my grandfather used to say with grace of god and goodwill of the neighbors, cooler heads will prevail now between now and the time we deal with the debt ceiling and we may meet the goal which we set out to do, which is to have roughly a $4 trillion cut over 10 years in the long-term deficit and to put us on that path. talk didn't come here to about any of those important subjects today, because as important as they all are today we have a more urgent and immediate call and that is how to deal with the epidemic
the economy in great shape and move toward a balanced budget. it started off in three phases. it started off with president bush's actions, the first president bush in terms of taxation before president clinton took office. and then the actions the president took in 1994 and then in 1997. well, we think there is a third phase here that can set our country on a path that will allow us to get our debt to g.d.p., our deficit to g.d.p. down around 3%, which is the basis of all economists left,...
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. >> that would be a financial disaster, not only for our country but for the worldwide economy. i don't think it is a question that is even on the table. >> and the last question of his press conference, the president was asked if he may be more successful with some of the nuts you just heard from if he spent more quality time with them. >> you and your staff are too insular, that you don't socialize enough. >> this, of course, is one of the great myths of governing, that intractable problems, political problems, can somehow be solved over a card game and a couple of drinks. that has never, ever been the case nor will it ever be the case. >> i like speaker boehner personally. and you know, when we went out and played golf we had a great time. but that didn't get a deal done in 2011. >> the president actually had to remind the media that congressional behavior is the result of democracy. >> now if the american people feel strongly about these issues and they push hard and they reward, or don't reward members of congress with their votes, if -- you know if -- if they reject sort o
. >> that would be a financial disaster, not only for our country but for the worldwide economy. i don't think it is a question that is even on the table. >> and the last question of his press conference, the president was asked if he may be more successful with some of the nuts you just heard from if he spent more quality time with them. >> you and your staff are too insular, that you don't socialize enough. >> this, of course, is one of the great myths of governing,...
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how many conservatives truly believe their tactics pose no risk whatsoever to the economy, particularly given what happened the last time they took the debt ceiling hostage? >> look, what heritage put out today is drivel. a transparent attempt -- >> drivel, this is the considered view of an important organization. >> yeah, whose president is jim demint. i don't take it all that seriously. >> okay. >> what they're saying is, well, the government could pay the interest on its bonds, but you could then cut everything else, social security, medicare, education. what they're ignoring is the fact that you would shake the confidence of markets all over the world with unpredictable consequences. this could be of the order of lehman brothers in 2008. john boehner actually knows this. he said the other day that a default would be a financial disaster, and he's taking his folks to their retreat, their weekend retreat somewhere in right wing fantasy land and he has a power point -- >> i believe it's in virginia so please be respectful of that state. >> i love that state. i think there's going to be
how many conservatives truly believe their tactics pose no risk whatsoever to the economy, particularly given what happened the last time they took the debt ceiling hostage? >> look, what heritage put out today is drivel. a transparent attempt -- >> drivel, this is the considered view of an important organization. >> yeah, whose president is jim demint. i don't take it all that seriously. >> okay. >> what they're saying is, well, the government could pay the...
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they're part of the reason that this economy works. you know, in new york, you go to the finest french restaurant and you're going to find that the chef may not be french. he probably is south of the border. but not the border between, you know, france and some other country. it's a border -- south of the border here in the united states. it's part of the fabric of american society and the question is, isn't it about time that this country deal with 11 million people who have been here for decades and who aren't going anywhere in the near future? not going to self deport. mitt romney learned that lesson 6th of november. deal with it in a humane position and both sides have to sit down and agree to what they can agree to. >> we'll see what the comprehensive proposal or bill will be if this report is accurate. the president is moving forward quickly on it. thank you very much, jose. see you soon. >> thank you, tamron. >>> we'll be right back. if you have high blood pressure and get a cold get coricidin hbp. the number one pharmacist reco
they're part of the reason that this economy works. you know, in new york, you go to the finest french restaurant and you're going to find that the chef may not be french. he probably is south of the border. but not the border between, you know, france and some other country. it's a border -- south of the border here in the united states. it's part of the fabric of american society and the question is, isn't it about time that this country deal with 11 million people who have been here for...
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Jan 15, 2013
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the problem is the toddlers could topple the economy. >> exactly. well, that's the whole issue here, to what degree are they able to bring the economy down. will john boehner at the end of the day have to do what he did with the tax bill, which is basically cede control of the house more or less to the democrats and have most of his party vote against something but allow a vote to come up that will let democrats and nancy pelosi yet again rescue the day. >> okay, jared. i want to play you something the president said on monday. you referenced it yourself. take a listen. >> they will not collect or ransom an exchange for not crashing the american economy. the financial well-being of the american people is not leverage to be used. >> jared, i put it to you, do they not realize this fight isn't just hurting the economy. it's also helping this president look like the only grown-up in washington. >> i don't think they're calculus on this stuff is as rational as your question suggests, of course. but, again, if you actually get out of this beltway, and i
the problem is the toddlers could topple the economy. >> exactly. well, that's the whole issue here, to what degree are they able to bring the economy down. will john boehner at the end of the day have to do what he did with the tax bill, which is basically cede control of the house more or less to the democrats and have most of his party vote against something but allow a vote to come up that will let democrats and nancy pelosi yet again rescue the day. >> okay, jared. i want to...
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Jan 21, 2013
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larger priority, how do you create an economy, rebuild an economy in which the american dream, the american compact is fresh where people who work hard feel like they can get ahead. and that's not just about dealing with the fiscal crisis. it's about education. it's about research and development. it's about controlling our energy future. all of these are part of the equation. >> president obama has outlined debt reduction as a top priority heading into the second term. also high on his list, immigration reform. putting more emphasis on developing renewable energy and the most urgent for the president, gun control. joining us now, jim vandenhike. so we got done with the first term. bipartisanship towards the end, incredible. any reason why that will change? >> zero. >> okay. >> i would love to be optimistic. i think we should be slamming the blacken ambers they serve up here as you think about the next four years. largely because we already saw in the last two months in the lame duck how the next two years will unfold. and that is a republican congress and a zero interest in doing the obama
larger priority, how do you create an economy, rebuild an economy in which the american dream, the american compact is fresh where people who work hard feel like they can get ahead. and that's not just about dealing with the fiscal crisis. it's about education. it's about research and development. it's about controlling our energy future. all of these are part of the equation. >> president obama has outlined debt reduction as a top priority heading into the second term. also high on his...
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economy. republicans will say that this white house, this president, had been unable to do those spending cuts that have been talked about for so long and that they need this leverage to be able to force this issue. so we are where we have been, at this standoff as you look live in the east room there, with the president about ready to come out and address reporters. jon: all right. here now, president obama for the final news conference of his first term. >> please have a seat, everybody. good morning. i thought it might make sense to take some questions this week as my first term comes to an end. it's been a busy and productive four years and i expect the same for the next four years. i intend to carry out the agenda that i campaigned on, an agenda for new jobs, new opportunity, and new security for the middle class. now right now our economy is growing, and our businesses are creating new jobs. so we are poised for a good year, if we make smart decisions and sound investments, and as long a
economy. republicans will say that this white house, this president, had been unable to do those spending cuts that have been talked about for so long and that they need this leverage to be able to force this issue. so we are where we have been, at this standoff as you look live in the east room there, with the president about ready to come out and address reporters. jon: all right. here now, president obama for the final news conference of his first term. >> please have a seat,...
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Jan 14, 2013
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rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. with investment information, risks, fees and expenses i've always had to keep my eye on her... but, i didn't always watch out for myself. with so much noise about health care... i tuned it all out. with unitedhealthcare, i get information that matters... my individual health profile. not random statistics. they even reward me for addressing my health risks. so i'm doing fine... but she's still going to give me a heart attack. we're more than 78,000 people looking out for more than 70 million americans. that's health in numbers. unitedhealthcare. >> chris: president obama announced that a national security team he wants for his second term and, bruising confirmation battles are shaping up over several picks, especially f
rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. with investment information, risks, fees and expenses i've always had to keep my eye on her... but, i didn't always watch out for myself. with so much noise...
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Jan 13, 2013
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he was going to focus on the economy. he didn't talk about gun control when controlled congress in 2009 and 2010 they didn't reinstate the assault ban. >> chris: but we did have newtown. >> we did have newtown but one incident does not tell you what policy should be and in any case as everyone pointed out a million times the particular things proposed would have is nothing to do with newtown. hot a single proposal on their menu that would have stopped mr. lanza from buying the guns and having the guns apparently. there would have been a registry in which people would have known she had the gun. would that have helped? >> chris: i was astonished to learn during the 2012 campaign the nra contributed $20 million to various candidates and the gun control groups $4,000 and that more than 50% of the people on capitol hill have an a rating from the nra. do you see any movement on this issue? >> it is a very difficult heavy lift, chris. you think back to when bill clinton tried this in 1993. he had a large major etan of democrats
he was going to focus on the economy. he didn't talk about gun control when controlled congress in 2009 and 2010 they didn't reinstate the assault ban. >> chris: but we did have newtown. >> we did have newtown but one incident does not tell you what policy should be and in any case as everyone pointed out a million times the particular things proposed would have is nothing to do with newtown. hot a single proposal on their menu that would have stopped mr. lanza from buying the guns...
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Jan 19, 2013
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economy at risk if they don't get their way on spending cuts. he is not why the white house partnered with gun legislation, no matter how small, is tantamount to taking away guns, he is not why extreme movements like extreme ideas like going back to a gold standard in the middle of an economic crisis have taken root on the right. this country needs and deserves a better republican party. and there are a lot of people in the republican right now who want a better republican party who are trying to push it there. those people, i think include key leaders in the party, like the house republican leaders this week who are trying to talk their members down from the ledge. they include folks like david brooks who in saying that republicans look deeply unreasonable, they are telling republicans you are being unreasonable. you need to move to the center. the structure of their argument a bit weird, but they're pushing in the right direction. for the republican party to fix itself will require a painful process, in which insane voices stare up and stare d
economy at risk if they don't get their way on spending cuts. he is not why the white house partnered with gun legislation, no matter how small, is tantamount to taking away guns, he is not why extreme movements like extreme ideas like going back to a gold standard in the middle of an economic crisis have taken root on the right. this country needs and deserves a better republican party. and there are a lot of people in the republican right now who want a better republican party who are trying...
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Jan 15, 2013
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economy. they are demanding more spending cuts before they agree to raise the nation's debt ceiling. the debt ceiling is announcing the amount of money the states can borrow. today the president responded to some republicans who say they are willing to shut down the government if the president doesn't back down. ultimately congress makes decisions about whether or not we spend money and keep the government open. if they decide they want to shut down the government in order to get their way they have the votes in the house of representatives to do that. i think that would be a mistake. >> john boehner responded the american people do not support raising the debt ceiling without reducing government spending statement. wendell, a government shut down, is that something that really might happen? neither side is ready to blink yet. he has laid out they are ready to compromise if possible that could lead to a government shut down although probably not right away. president obama suggested right befo
economy. they are demanding more spending cuts before they agree to raise the nation's debt ceiling. the debt ceiling is announcing the amount of money the states can borrow. today the president responded to some republicans who say they are willing to shut down the government if the president doesn't back down. ultimately congress makes decisions about whether or not we spend money and keep the government open. if they decide they want to shut down the government in order to get their way they...
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the economy is hurting. i want to read a couple of headlines on the economy to give you pause while the fun debate is going on. one, ranks of working poor is increasing. workers are raiding the funds to pay the bills. thaw may downgrade the united states. greg, does he not want to deal with this? >> greg: this is a real issue. this speaks to two different cultures in the united states. it's a prescription of xanax. you can have your gun, protection and security. lefties like john stewart paint gun owners as paranoid, the same time on sunday that bob schieffer likens obama's battle against the fun owners as a fight against the nazis. if you are in a country that the administration accuses you of ginning up propaganda and the media citing with you to call you nazis, your paranoia might be justified. >> andrea: this is on the heels of white house telling paul ryan it won't meet a budget deadline. 1300 days we still don't a budget. he is saying i've been busy. sorry, i wouldn't get to the budget thing. as i ment
the economy is hurting. i want to read a couple of headlines on the economy to give you pause while the fun debate is going on. one, ranks of working poor is increasing. workers are raiding the funds to pay the bills. thaw may downgrade the united states. greg, does he not want to deal with this? >> greg: this is a real issue. this speaks to two different cultures in the united states. it's a prescription of xanax. you can have your gun, protection and security. lefties like john stewart...
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Jan 15, 2013
01/13
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economy. the government will run out of tools to avoid defaulting on debt sometime in late february or early march. that would mean social security and other government benefit checks would stop going out. fed chairman ben bernanke is joining the cause saying the economy isn't out of the woods just yet from fiscal threats. back to you. >> thank you very much, seema. >>> let's check in with meteorologist christina loren as we kind of adjust the shot. >> everyone come in. lean in. i'm the queen. you'll have to do something to stay warm out there this morning. lean back if that's what it takes. 4:47. it is cold out there this morning. you're going to need all the winter gear you have in your closet. you could wear the snowboarding gear to work this morning if you wanted to. stay warm. i definitely brought my board and jacket in this morning. it's frigid out there. this is the last morning we expect the mid 20s. tomorrow we'll see more upper 20s and low 30s. this morning it is very cold. even cold
economy. the government will run out of tools to avoid defaulting on debt sometime in late february or early march. that would mean social security and other government benefit checks would stop going out. fed chairman ben bernanke is joining the cause saying the economy isn't out of the woods just yet from fiscal threats. back to you. >> thank you very much, seema. >>> let's check in with meteorologist christina loren as we kind of adjust the shot. >> everyone come in....
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Jan 17, 2013
01/13
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the economy has soured, and the political climate has also made it sour. people are leaving. they won on that part. i think the way you start talking about how can you actually win the white house, sure, they can -- the house has all they want. that's because they're going to be going to their base. in order for them to actually mobilize -- >> to be a national party. >> they're going to need to make sure that they pass comprehensive immigration. >> local versus national. the tension continues. we have to leave it there. coming up, it's u.s. and its allies are monitoring a hostage situation involving americans in north africa and beyond the standoff lie new questions about radicalization in the region. we'll have the latest just ahead. i have a cold, and i took nyquil, but i'm still stubbed up. [ male announcer ] truth is, nyquil doesn't unstuff your nose. what? [ male announcer ] alka-seltzer plus liquid gels speeds relief to your worst cold symptoms plus has a decongestant for your stuffy nose. thanks. that's the cold truth! we create easy-to-use, powerful trading tools for
the economy has soured, and the political climate has also made it sour. people are leaving. they won on that part. i think the way you start talking about how can you actually win the white house, sure, they can -- the house has all they want. that's because they're going to be going to their base. in order for them to actually mobilize -- >> to be a national party. >> they're going to need to make sure that they pass comprehensive immigration. >> local versus national. the...
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Jan 16, 2013
01/13
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house or in the senate who broke ranks publicly and said actually, purposefully driving the american economy into a ditch to make a point that even we don't understand and that is against the constitution, that might not be a great idea. nobody broke ranks when the republicans did this in 2011. nobody on the republican side. but today on the republican side somebody did. today republican senator lisa murkowski of alaska broke ranks. she gave an interview to her hometown newspaper in alaska, she says she disagrees threatening the country with default. quote, murkowski is breaking rank, saying the country has a duty to assure it pays its bills. murkowski said not all of her colleagues in the senate will say it out loud, but she believes most agree that failing to raise the debt limit would harm perception of the country. quote, if you incur an obligation, you have a responsibility to pay for that, murkowski said. time is going the tell if lisa murkowski is the first republican to break ranks or if she is the only republican to break with republican leadership on this issue. but the fact that s
house or in the senate who broke ranks publicly and said actually, purposefully driving the american economy into a ditch to make a point that even we don't understand and that is against the constitution, that might not be a great idea. nobody broke ranks when the republicans did this in 2011. nobody on the republican side. but today on the republican side somebody did. today republican senator lisa murkowski of alaska broke ranks. she gave an interview to her hometown newspaper in alaska, she...
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Jan 14, 2013
01/13
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CSPAN
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it will damage our economy. the government is a big part of this economy. it's interesting that a lot of time you have people recognize that when it comes to defense spending. some of the same people say we have to cut spending or complain that government jobs don't do anything, but when it comes to the defense contractor in their district, they think it is an important part of the economy in their district and that we should not stop spending on that. let's just make sure we're not spending on those other people. [no audio] my hope is that common sense prevails. that is always my preference. i think that would be the preference of the american people and it would be good for the economy. let me just repeat. if the issue is deficit reduction, getting our deficit sustainable over time, getting our debt in a sustainable place, then democrats and republicans in congress will have a partner in me. we could achieve that fairly quickly. we know what the numbers are and we know what needs to be done. we know what a balanced approach would take and we have done hal
it will damage our economy. the government is a big part of this economy. it's interesting that a lot of time you have people recognize that when it comes to defense spending. some of the same people say we have to cut spending or complain that government jobs don't do anything, but when it comes to the defense contractor in their district, they think it is an important part of the economy in their district and that we should not stop spending on that. let's just make sure we're not spending on...
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Jan 17, 2013
01/13
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economy. >> susie: and from chipotle to dunkin' donuts, did fast food chains meet investors' appetites for big returns? we're talking food stocks. >> tom: that and more tonight on "n.b.r."! >> tom: we begin with banking. two giant financial powerhouses reported big gains in fourth quarter earnings today. j.p. morgan chase booked its third straight year of record profits. and goldman sachs reported fourth quarter earnings that were almost triple the same period a week ago. erika miller reports. >> reporter: before we get to jp morgan's profits, let's talk about the earnings of it's c.e.o., jamie n.
economy. >> susie: and from chipotle to dunkin' donuts, did fast food chains meet investors' appetites for big returns? we're talking food stocks. >> tom: that and more tonight on "n.b.r."! >> tom: we begin with banking. two giant financial powerhouses reported big gains in fourth quarter earnings today. j.p. morgan chase booked its third straight year of record profits. and goldman sachs reported fourth quarter earnings that were almost triple the same period a week...
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Jan 15, 2013
01/13
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economy. it would slow down our growth, might tip us into recession, and ironically, would probably increase our deficit. so to even entertain the idea of this happening -- of the united states of america not paying its bills -- is irresponsible. it's absurd. as the speaker said two years ago, it would be -- and i'm quoting speaker boehner now -- "a financial disaster, not only for us, but for the worldwide economy." so we've got to pay our bills. and republicans in congress have two choices here: they can act responsibly, and pay america's bills, or they can act irresponsibly, and put america through another economic crisis. but they will not collect a ransom in exchange for not crashing the american economy. the financial well-being of the american people is not leverage to be used. the full faith and credit of the united states of america is not a bargaining chip. and they better choose quickly, because time is running short. the last time republicans in congress even flirted with this idea
economy. it would slow down our growth, might tip us into recession, and ironically, would probably increase our deficit. so to even entertain the idea of this happening -- of the united states of america not paying its bills -- is irresponsible. it's absurd. as the speaker said two years ago, it would be -- and i'm quoting speaker boehner now -- "a financial disaster, not only for us, but for the worldwide economy." so we've got to pay our bills. and republicans in congress have two...
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Jan 19, 2013
01/13
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doing to make sure that international business people can get in and do the business that helps our economy? >> sure, there's a number of initiatives underway to facilitate better visa issuance, if you will, trying to be more welcoming for both business and tourism, and those are things that are taking part, obviously, in different areas of the government. one thing we're doing in tsa is trying to develop international known and trusted traveler programs that we can recognize. so, for example, we've taken the first step with our friends to the north. canada has a known trusted traveler program called nexus. they have 530,000 citizens who are in the program, and so we have accepted them as part of tsa precheck also. mexico has a program, sentry, we're working with the mexican authorities to try to recognize that known and trusted population. so there's a number of initiatives underway that would help promote not only people coming to the u.s., but also u.s. citizens traveling internationally because right now tsa precheck is just a domestic program. what we're working with internationally is
doing to make sure that international business people can get in and do the business that helps our economy? >> sure, there's a number of initiatives underway to facilitate better visa issuance, if you will, trying to be more welcoming for both business and tourism, and those are things that are taking part, obviously, in different areas of the government. one thing we're doing in tsa is trying to develop international known and trusted traveler programs that we can recognize. so, for...
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Jan 15, 2013
01/13
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FBC
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, it is hurting our economy as we speak. neil: well, we shouldn't be saying things that are not true, the president is not clear, and neither is mainstream media, u.s. government does not default because debt ceiling is not increased and soon, government does not stop taking taxes out of your check. even if we go to the brink, they will keep taking the taxes out. tax revenue keeps coming in what washington has to decide is prioritizing what money goes out and where? what do you think is top, top priority. the bill to pay before all others? like if we were in same boat, same emergency we would pay the mortgage or rent first to keep a roof over our head, we prioritize, so does uncle sam like we know we might as well toss our home good-bye. the government knows a default comes only, when obligations to spreadtorcreditors or investorst paid. that is their mortgage emergencies, that upsetting the other stuff, defaulting it is not, that is why some republicans are paying so tough, raise but only if you match in equal spending cut,
, it is hurting our economy as we speak. neil: well, we shouldn't be saying things that are not true, the president is not clear, and neither is mainstream media, u.s. government does not default because debt ceiling is not increased and soon, government does not stop taking taxes out of your check. even if we go to the brink, they will keep taking the taxes out. tax revenue keeps coming in what washington has to decide is prioritizing what money goes out and where? what do you think is top,...
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Jan 15, 2013
01/13
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economy was a huge problem. of course, it hasn't yet resulted in higher interest rates. a lot of people might say, look, who cares? let's be complacent. let's not worry about another downgrade. who cares? do people get it, in washington, that's it's important? >> it almost seems to be an afterthought in all of the chest thumping and bargaining, no one is thinking about it because the short-term impact of a default would be extraordinary. maybe we shouldn't call this the debt ceiling at all. maybe we should change it the do downgrade ceiling because this game of chicken is sick. >> sometimes semantics can make all the difference. >> "outfront" next, a legendary hacker and activist commits suicide and his parents blame the government. >> and the lance armstrong apology tour has officially begun, but is he really coming clean. what he said and did not say today. we asked total strangers to watch it for us. thank you so much. i appreciate it. i'll be right back. they didn't take a dime. how much in fees does your bank take to watch your money? if your bank takes more money t
economy was a huge problem. of course, it hasn't yet resulted in higher interest rates. a lot of people might say, look, who cares? let's be complacent. let's not worry about another downgrade. who cares? do people get it, in washington, that's it's important? >> it almost seems to be an afterthought in all of the chest thumping and bargaining, no one is thinking about it because the short-term impact of a default would be extraordinary. maybe we shouldn't call this the debt ceiling at...
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Jan 16, 2013
01/13
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think is the most important problem facing the country, this was an open ended question at the top, economy in general at 21%, goes down to the federal budget deficit, dissatisfaction with government, unemployment, taxes, all the way at the bottom is gun. >> the web video which targets basically the president's children, who have secret service protection, as all children of presidents. over the line? >> based on this poll, he should have been apologizing for those children to breaking their piggy banks to pay for the national debt. that's what americans are concerned about. >> i'm asking you about the web video. >> because his children -- >> which children? >> children he had there on display, because his children, his own children, are well protected. joe biden opened up by saying that schools should be a sanctuary. well, he must have this confused, because the president's girls do go to a sanctuary, well-armed there, but most american kids are not protected at all. >> you don't think the president's children should be off limits? >> i think she should be protected and i think our childre
think is the most important problem facing the country, this was an open ended question at the top, economy in general at 21%, goes down to the federal budget deficit, dissatisfaction with government, unemployment, taxes, all the way at the bottom is gun. >> the web video which targets basically the president's children, who have secret service protection, as all children of presidents. over the line? >> based on this poll, he should have been apologizing for those children to...
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Jan 15, 2013
01/13
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rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. [ male announcer ] the exclusive air suspension in the 2013 ram 1500. ♪ engineered to move heaven and earth. ♪ guts. glory. ram. the new ram 1500. motor trend's 2013 truck of the year. >>> we've all had teachers who made a huge difference in our lives, but we don't always have the opportunity to say thank you. one school was able to do just that this weekend when they honored the woman they call granny. agnes is the home ec teacher in a school in new jersey. she's worked at the school for 17 years teaching the children how to cook and sew. the staff and students at the school adore her and affectionately refer to her as granny. the nickname comes from the fact granny is 95 years olds. for six decades, she worked at
rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. [ male announcer ] the exclusive air suspension in the 2013 ram 1500. ♪ engineered to move heaven and earth. ♪ guts. glory. ram. the new ram 1500. motor...
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Jan 15, 2013
01/13
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CSPAN
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even the threat of default hurts our economy. it's hurting our economy as we speak. we shouldn't be having that debate. if we want to have a conversation about how to reduce our deficit, let's have that. we've been having that for the last two years. we just had an entire campaign about it. and by the way, the american people agreed with me that we should reduce our deficits in a balanced way that also takes into account the need for us to grow this economy and put people back to work. and despite that conversation, and despite the election results, the position that's been taken on the part of some house republicans is that, "no, we've got to do it our way, and if we don't, we simply won't pay america's bills." well, that can't be a position that is sustainable over time. it's not one that's good for the economy now. bes certainly not going to the kind of precedent that i want to establish not just for my presidency, but for future presidents, even if it was on the other side. democrats don't like voting for the debt ceiling when a republican is president, and yet y
even the threat of default hurts our economy. it's hurting our economy as we speak. we shouldn't be having that debate. if we want to have a conversation about how to reduce our deficit, let's have that. we've been having that for the last two years. we just had an entire campaign about it. and by the way, the american people agreed with me that we should reduce our deficits in a balanced way that also takes into account the need for us to grow this economy and put people back to work. and...